Tech-oriented growth stocks have found their footing again after a year-long decline that saw the Nasdaq Technology Sector index lose 40% of its value last year. So far in 2023, though, it is outpacing the S&P 500's gains by better than two-to-one.

Yet Pinterest (NYSE: PINS) hasn't joined in on the rebound. Even though its stock lost a third of its value last year, shares are only up 1.7% so far this year, and its recent fourth-quarter earnings report was a disappointment that sent the stock lower.

It wasn't supposed to be this way as Pinterest is a site perfectly primed to attract advertisers. With an installed base of 450 million monthly active users around the world essentially primed to buy, the ideas collating website should be raking money in. But it's not, as GAAP net losses were $96 million for the year. 

Continue reading

Source Fool.com